VIA <strong>Wines</strong> markets three brands internationally: Chilcas, Oveja Negra, and Chilensis (except in Chile). Liquidity and Fixed aSSets In 2010, VIA Wine reached a liquidity of 0.98, which is lower than that of 2009, which was 1.37. Fixed assets for our company during the same period reached MM$ 31,612, which is relatively lower than that of 2009, which was MM$ 32,339. Tax Exemptions for Training Under the terms of Chilean Law N° 19,518, which regulates the Tax Exemption for Training, as well as under the training projects generated by Vinos de Chile A.G., VIA <strong>Wines</strong> has promoted the training of its employees as a means of encouraging them to specialize and therefore provide excellent service to both internal and external customers. The Tax Exemption for Training—SENCE—allows Chilean companies who pay taxes in the first category of the Income Tax Law to deduct the cost of training its employees from the amount of taxes to be paid. Additionally, companies affected by the imputed income regime as well as those who have and declare losses may also claim this benefit. In 2009 and 2010 VIA <strong>Wines</strong> made use of these benefits for a total of $ 7,322,356 CLP, which corresponds to 1,608 hours of training in 2009, and $ 8,308,320 which is the equivalent of another 2,265 hours of training in 2010. Market Presence Wages The minimum salary paid at VIA <strong>Wines</strong> during 2009 and 2010 was identical to the legal minimum wage paid in Chile during the period, which increased to $ 165,000 and $ 172,000, respectively. Relationship with Suppliers 38% of VIA <strong>Wines</strong> purchases in 2010 were acquisitions from suppliers based in the area in which our operations are located, which represents an increase over the 34% reached in 2009. Staff Hiring In order to form teams of excellence and provide our customers with the finest products and a level of service that sets us apart from others, VIA <strong>Wines</strong> seeks to incorporate the best talent of the workforce. To achieve that goal, the winery publishes in national and regional newspapers and uses employment agencies. In 2010 said services were provided by Líbano y Asociados and SommerGroup. Indirect Economic Impact In 2010 VIA <strong>Wines</strong> paid $ 32,446,382 in property taxes, a relatively high amount in comparison with 2009 during which the company paid $ 30,278,683. Valley ComMunity 2009 2010 Casablanca Casablanca 3,528,708 3,781,334 Colchagua Lolol 3,027,840 3,244,608 Curicó Curicó 5,138,903 5,506,805 Maule San Rafael 18,583,232 19,913,635 Total 30,278,683 32,446,382 16
3er CHAPTER Society Dimension In this chapter we present aspects on how VIA <strong>Wines</strong> conducts its long term relationship with its employees. 17
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